Silver futures closed high in the domestic market on Wednesday
as participants widened their positions, tracking a firm trend in global
market.

Analysts attributed the hike in silver prices at the futures
trade to expanding of positions by speculators, tracking a strong trend in
precious metals overseas.

At the MCX, silver futures for December 2016 contract closed at
Rs 42,100 per kg, upward by 0.24 per cent, after opening at Rs 41,867, against
a previous close of Rs 41,998. It touched the intra-day higher of Rs 42,150.